Australian inflation rate in 2006: 3.49%

Australia Inflation Calculator

AU$

Inflation since 2006 and its effect on dollar value

The consumer price index (CPI) in 2006 was 85.9. It was 83 in the previous year. This change in CPI is used by the Bureau of Statistics to calculate inflation.

According to the Bureau of Statistics consumer price index, the dollar experienced an average inflation rate of 2.21% per year. Prices in 2018 are 30.03% higher than prices in 2006.

In other words, AU$100 in 2006 is equivalent in purchasing power to AU$130.03 in 2018, a difference of AU$30.03 over 12 years.

The current inflation rate is now 0.45%1. If this number holds, AU$100 today will be equivalent to AU$100.45 next year.

Inflation from 2006 to 2018
Cumulative price change 30.03%
Average inflation rate 2.21%
Converted amount (AU$100 base) AU$130.03
Price difference (AU$100 base) AU$30.03
CPI in 2006 85.9
CPI in 2018 111.7


AUD inflation chart from 1922 to 2017


How to calculate the inflation rate for AU$100 since 2006

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 2006 * 2006 AUD value = 2018 AUD value

Then plug in historical CPI values. The Australian CPI was 85.9 in the year 2006 and 111.7 in 2018:

111.7 / 85.9 * AU$100 = AU$130.03

AU$100 in 2006 has the same "purchasing power" or "buying power" as AU$130.03 in 2018.


Buying power of AU$100 since 2006

This chart shows calculations of buying power equivalence over time for AU$100 in 2006 (price index tracking began in 1922).

According to the Bureau of Statistics, each of these AUD amounts below is equal in terms of what it could buy at the time:

Year AUD Value Inflation Rate
2006 AU$100.00 3.49%
2007 AU$102.33 2.33%
2008 AU$106.87 4.44%
2009 AU$108.73 1.74%
2010 AU$111.87 2.89%
2011 AU$115.60 3.33%
2012 AU$117.58 1.71%
2013 AU$120.49 2.48%
2014 AU$123.52 2.51%
2015 AU$125.38 1.51%
2016 AU$127.01 1.30%
2017 AU$129.45 1.92%
2018 AU$130.03 0.45%*
* Not final. See inflation summary for latest details.

News headlines from 2006

Politics and news often influence economic performance. Here's what was happening at the time:

  • Nepali security forces injure 243 pro-democracy protesters.
  • North Kora is alleged to have tested its first nuclear device.

Data Source & Citation

Raw data for these calculations comes from the government of Australia's annual (CPI) as provided by the Reserve Bank of Australia. The consumer price index was established in 1922 and is tracked by Australian Bureau of Statistics (ABS).

You may use the following MLA citation for this page: “Inflation Rate in 2006 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 17 Jul. 2018, https://www.officialdata.org/Australia-inflation-rate-in-2006.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


» Read more about inflation.